NCET

As other funding sources dry up, the competition for angel investors is getting more intense. Statistics show angels are investing in fewer companies, though the total dollar amount continues to rise. For first-time angel-hunters, Inc. magazine has some tips: Avoid trendy businesses such as mobile media; draw up a recession-specific business plan; add some age and experience to your management team; and show that you know your market inside and out.

Get your wings – here’s what you need to know: Even in hard times, a smart angel will not pass up the chance to back a promising business. That said, don’t expect much tolerance for missteps. All the old rules for pitching angels still apply. CLICK HERE for tips.

Back for more: The secret to closing second-round deals: There is at least a flicker of good news for those who have raised a round of angel funding: They will probably be the top priority of their investors. CLICK HERE for tips.

Angel Investing 2009: In a tough economy, angel investors are more cautious than ever. But it’s still possible to find funding. CLICK HERE for tips.

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